Infrastructure - AUGUST 11, 2017

SBCERA to commit $150m to real estate, debt and infrastructure

by Jody Barhanovich

The $9.1 billion San Bernardino County (Calif.) Employees’ Retirement Association plans to commit $150 million to real estate, debt and infrastructure, according to board meeting documents.

According to the document, a potential commitment would be to the Kayne Anderson Energy Funds series, whose strategy is partnering with high-quality management teams focused on the upstream oil and gas sector of North America.

The most recent fund in the series, Kayne Anderson Energy Fund VII, held a $2 billion final close in 2016. Kayne Anderson Energy Fund VI closed in 2013 with $1.6 billion in equity commitments. Kayne Anderson Energy Fund V closed in 2009 with $820 million and Kayne Anderson Energy Fund IV closed in 2006 with $950 million.

The new investment plan will be a part of a Master Custodial Account with Kayne

Anderson Capital Advisors. The account will run over a multi-year period and can increase in size in the future. The plan is subject to due diligence and negotiation of legal documents.


Glossary, videos, podcasts, research in the Resource Center

Forgot your username or password?

Close your account?

Your account will be closed and all data will be permanently deleted and cannot be recovered. Are you sure?

We respect your privacy! Please give consent for processing data as described in our Privacy Policy